ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

ASML and Semiconductor Stocks Surge: ASML's shares rose by 10% following a report that it may be exempt from U.S. export restrictions on chipmaking equipment to China, contrasting with earlier reports suggesting broader inclusion in the rules. Other semiconductor companies like Tokyo Electron, Samsung, and SK Hynix also saw share price increases.

Impact of U.S. Export Rules: The proposed expansion of the foreign direct product rule could affect exports to China from countries such as Israel, Taiwan, Singapore, and Malaysia, while key allies like Japan, the Netherlands, and South Korea might be excluded, highlighting the reliance of foreign firms on American technology for semiconductor production.